Blockchain technology is increasingly used in international finance, this generates more and more confidence in cryptocurrencies.

The advantages offered by Blockchain technology are clear to those who know the possibilities that open up with the incorporation of block chains into the processes of any organization, company, or even government.

Although fields such as agriculture, health or education are being revolutionized by this technology, without a doubt the greatest impact of it can be seen in the financial sector, where cryptocurrencies are opening possibilities previously unthinkable for the population.

Throughout these weeks, we have witnessed events that tell us about the acceleration and deepening of this trend in international finance, especially two major events that involve traditional financial companies.

The first of these events was the announcement by the US bank, Wells Fargo, that they had already tested their own virtual currency for internal transactions between their subsidiaries in different countries.

Until now, cross-border transfers of this type could take days to complete, also paying a huge commission for the use of international banking platforms, and at the end of the day they mean the exclusion of a sector of the population, since they do not own the economic capacity to pay the high fees charged by banks.

However, according to Wells Fargo, thanks to the use of their own virtual currency, they can now send money across the borders in a matter of a few seconds, this method being even faster than the SWIFT system for international payments.

But if this news were not exciting enough, for what it means in terms of increasing the democratization of international finance, the Chicago Mercantile Exchange or CME Group also announced that it plans to offer future Bitcoin contracts from the first quarter of 2020 .

This would mean a new product with the potential to attract a type of investors necessary to the Bitcoins market, we refer to institutional investors, that is to say those large capital funds whose entry into the BTC market could mean the momentum that it needs to reach its full potential, and be recognized by all public and private sector actors as a valuable financial asset.

Well, the use of Blockchain technology in the financial world, and its integration with cryptocurrencies, is generating new opportunities, which could serve as a final element to achieve the massification of cryptocurrencies within society, and therefore for the crypto market reach its full growth potential.